Sharp decline follows negative news, after the hack of a small South Korean crypto exchange.
Crypto Weekly Recap 07.06.18
Major cryptocurrencies consolidate near strong support levels before the next rally.
After entering an uptrend at the end of May, XRP is now consolidating at support level.
Fresh from touching two-month lows Bitcoin kicks off the summer with a tentative rally.
Long-term investors can buy ETH while it is relatively cheap.
Crypto Weekly Recap 01.06.18
Another decline halted while the cryptocurrencies consolidate and prepare for growth.
Selling in May was a good strategy to find an entry with upside potential.
The second largest cryptocurrency presents a great buying opportunity.
Psychological support at $8k is broken as BTC loses over $1k in a week.
“Sales Season” continues, and it’s a good time to be “greedy when others are fearful.”